Allspring Global Investments Holdings LLC Cuts Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Allspring Global Investments Holdings LLC lessened its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 24.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 583,288 shares of the company's stock after selling 186,243 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.08% of Host Hotels & Resorts worth $10,090,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HST. MassMutual Private Wealth & Trust FSB grew its stake in Host Hotels & Resorts by 94.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock valued at $36,000 after buying an additional 991 shares in the last quarter. Eastern Bank purchased a new position in Host Hotels & Resorts in the 4th quarter valued at approximately $45,000. Farther Finance Advisors LLC grew its stake in Host Hotels & Resorts by 44.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company's stock valued at $50,000 after buying an additional 867 shares in the last quarter. Signaturefd LLC grew its stake in Host Hotels & Resorts by 50.5% in the 3rd quarter. Signaturefd LLC now owns 3,571 shares of the company's stock valued at $63,000 after buying an additional 1,198 shares in the last quarter. Finally, CENTRAL TRUST Co grew its stake in Host Hotels & Resorts by 126,025.0% in the 4th quarter. CENTRAL TRUST Co now owns 5,045 shares of the company's stock valued at $88,000 after buying an additional 5,041 shares in the last quarter. Institutional investors own 98.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HST. StockNews.com lowered shares of Host Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Thursday, November 14th. Stifel Nicolaus reduced their price target on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a "buy" rating for the company in a research report on Friday, November 22nd. Wells Fargo & Company reduced their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Tuesday. Raymond James reduced their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating for the company in a research report on Tuesday. Finally, UBS Group cut their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $20.54.

Host Hotels & Resorts Trading Down 2.5 %

Shares of NASDAQ:HST traded down $0.42 during midday trading on Friday, hitting $16.34. 17,225,238 shares of the stock traded hands, compared to its average volume of 8,056,027. The stock has a market capitalization of $11.42 billion, a PE ratio of 16.51 and a beta of 1.30. The business's 50 day moving average is $17.22 and its two-hundred day moving average is $17.47. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts, Inc. has a one year low of $15.71 and a one year high of $21.31.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.15 by $0.29. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.31%. As a group, research analysts forecast that Host Hotels & Resorts, Inc. will post 1.91 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts's payout ratio is currently 80.81%.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.